The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never b ...

The forthcoming income tax Bill could be a revolutionary step to open a new chapter in India's fiscal narrative. It is poised ...

The government’s latest tax overhaul of income tax slabs in Budget 2025 is aimed at introducing a more streamlined tax system ...

Income tax on cryptocurrency transaction. After Budget 2025 there is no change in taxation of cryptocurrencies as they ...

Budget 2025 simplifies tax rules and provides major relief to taxpayers. The new tax slabs, second-home exemption, senior ...

The RBI is expected to cut the repo rate by 25bps in February, easing borrowing costs for the middle class. Analysts predict ...

According to experts, even if an additional 5% of people opt to buy new vehicles, it may bring a huge boost to sector. This ...

Vide Finance Act 2022, taxation of virtual digital assets (VDA) has been introduced in the Income-tax Act, 1961 (‘the Act’), under section 115BBH of the Act in which the transfer of VDA is to be taxed ...

Currently, about 74-75 per cent of taxpayers file their returns under the new income tax regime, the official said citing government data.

Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the ...

In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.